Blog Post

September 2018 summary and monthly statistics can be seen below for our peer to peer and development loans.

Development and Bridging Data

2015

2016

2017

2018

Cumulative @ 30/9/18

Actual default rates

11.1%

21.4%

43.8%

0.0%

33.3%

*See note below

No of loans completed

9

31

88

61

189

Total value of loans completed

£2,312,074

£16,095,000

£30,747,700

£18,712,000

£67,866,774

Average loan period (months)

11

11

9

9

9

Investor Capital Lost

0%

0%

0%

0%

0%

Average loan size

£256,897

£519,194

£349,406

£306,754

£359,083

**No of loans due to be redeemed

9

28

69

3

109

**No of loans redeemed on time

8

22

37

3

70

59.8%

**No of loans redeemed late

1

4

6

0

11

9.4%

**No of loans in default

0

2

26

0

28

23.9%

*Note- Actual default rates based on redeemed loans with a 90 day tolerance threshold.

**Note- Please note that redemption and default figures are based on the year the loan is made in eg. if a loan is made in 2017 and redeems in 2018 (even if late paying) the stats for it will be recorded in 2017.